Dividend Yield Scan (5 June - 41 Results)

The dividend yield scan locates the highest yielding ASX listed stocks with the best fundamentals from the top ~150 largest companies.

After filtering for size and yield, the average analyst recommendation can be used to help identify companies with poor fundamentals. The list is not definitive; it simply provides a starting point for locating high yielding companies that may warrant further investigation.

The Scan

1.   Market capitalisation $1b+
2.   Dividend yield 5.0%+
3.   Cross-match broker consensus
4.   Rank by dividend yield


Caution

A high dividend yield can indicate:
•   A falling share price
•   A company with limited growth prospects
•   A once-off or special dividend

Consensus Recommendation
Data is compiled by Market Index. See the Consensus Data blog for details on how the broker averages are calculated.

Dividend Yield
Last 12 months dividends, divided by the current share price. Data supplied by the ASX. Gross Yield calculated by Market Index.

DPS Growth
The forecasted average annual growth in dividends per share for the next 2 years.

Code Company Price Yield Gross Consensus DPS Gr.
GMA Genworth Mortgage $2.44 9.84% 14.05% Buy -2.90%
GEM G8 Education Limited $2.39 9.21% 13.15% Buy -2.80%
TLS Telstra Corporation $2.77 8.30% 11.86% Hold -15.80%
AMP AMP Limited $3.81 7.61% 10.55% Hold -4.50%
BOQ Bank of Queensland $10.06 7.56% 10.79% Hold -1.00%
CMW Cromwell Prop Ordinary/Units FP Stapled Securities $1.11 7.51% 7.51% Sell -1.70%
FMG Fortescue Metals Group $4.81 7.48% 10.69% Hold -16.40%
NAB National Aust. Bank $26.76 7.40% 10.57% Buy 0.00%
PPT Perpetual Limited $38.25 7.06% 10.08% Hold 0.80%
SKI Spark Infrastructure Stapled $0.65 Loan Note and Unit US Prohib $2.20 6.93% 6.93% Hold 3.50%
GNE Genesis Energy Limited Foreign Exempt NZX $2.21 6.84% 6.84% N/A 0.50%
HVN Harvey Norman $3.51 6.84% 9.77% Sell -7.10%
WBC Westpac Banking Corp $27.82 6.76% 9.65% Buy 1.80%
AIZ Air New Zealand Foreign Exempt NZX $3.005 6.69% 6.69% N/A -8.90%
BEN Bendigo and Adelaide $10.47 6.59% 9.41% Hold 2.00%
CQR Charter Hall Retail Units FP $4.27 6.56% 6.56% Sell 1.00%
AWC Alumina Limited $2.67 6.44% 9.21% Buy 0.10%
IFL IOOF Holdings Limited $8.75 6.17% 8.82% Buy 2.10%
CBA Commonwealth Bank $69.69 6.17% 8.81% Hold 1.50%
SGP Stockland Units/ Stapled Securities $4.22 6.14% 6.14% Buy 5.00%
VCX Vicinity Centres Ordinary/Units FP Stapled Securities $2.74 6.10% 6.09% Hold -1.90%
GOZ Growthpoint Property Unit/ Stapled Securities $3.65 6.00% 6.00% Hold 2.20%
ANZ ANZ Banking Group Limited $26.75 5.98% 8.54% Buy 1.30%
SPK Spark New Zealand Foreign Exempt NZX $3.38 5.86% 5.86% N/A -1.10%
AST Ausnet Services Limited $1.585 5.84% 5.84% Hold 4.30%
JBH JB Hi-Fi Limited $23.39 5.64% 8.06% Hold 5.80%
SCP Sca Property Group Units FP Stapled Securities $2.45 5.51% 5.51% Hold 3.40%
SUL Super Ret Rep Limited $8.47 5.49% 7.84% Buy -0.60%
BWP BWP Trust Ordinary Units FP $3.23 5.47% 5.47% N/A 1.00%
CSR CSR Limited $4.94 5.47% 6.93% Sell -2.30%
SUN Suncorp Group Limited $13.62 5.36% 7.66% Buy 0.10%
AZJ Aurizon Holdings Limited $4.33 5.29% 6.42% Hold 3.60%
REG Regis Healthcare Limited $3.66 5.28% 7.54% Buy -2.90%
TAH Tabcorp Holdings Limited $4.46 5.27% 7.53% Buy -7.00%
PTM Platinum Asset $5.92 5.24% 7.48% Hold 5.70%
CNU Chorus Limited Foreign Exempt NZX $3.82 5.21% 5.21% N/A 1.30%
CCL Coca-Cola Amatil $9.05 5.19% 6.75% Hold -0.40%
SCG Scentre Group Stapled Securities $4.23 5.14% 5.38% Buy 2.30%
PDL Pendal Group Limited $9.55 5.03% 5.47% N/A 13.50%
APA APA Group Units FP Stapled Securities $8.78 5.01% 5.52% Buy 3.50%
SKC Skycity Ent Group Limited Foreign Exempt NZX $3.68 4.98% 4.98% N/A 5.40%

* Share prices and and yield data as at previous close. Dividend data supplied by the ASX. Gross yield calculated by Market Index. Consensus broker data as at today&039;s date. A high dividend yield ratio is not always indicative of a companies future earnings or yield. If income is a priority in your investment strategy then it may be prudent to wait until a companies dividend is declared and an ex-dividend date is announced.



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